(Translation)
Securities Code of Japan: 2809

Kewpie Corporation
NOTICE OF
THE 102ND ORDINARY GENERAL MEETINGOF SHAREHOLDERS
Date and hour of meeting:Thursday, February 26, 2015, at 10:00 a.m.
(Reception to start at 8:30 a.m.)
Place of meeting:Hall A, Tokyo International ForumTABLE OF CONTENTS
Notice of the 102nd Ordinary General Meeting of Shareholders ································ 1
Requests to the Visiting Shareholders ······························································· 3
Information Available on our Website ······························································ 3
Exercise of Voting Rights ············································································· 4Reference Document for the General Meeting of Shareholders ································· 8Matters to be resolved:
Proposition No. 1: Election of 13 Directors
Proposition No. 2: Election of two Corporate Auditors
Proposition No. 3: Payment of bonuses to Directors
To the shareholders who desire to ask questions during thesession of the general meeting of shareholders ··················································· 16

Securities Code of Japan:
February 5, 20152809

To the Shareholders:
NOTICE OF THE 102ND ORDINARY GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
Please take notice that the 102nd Ordinary General Meeting of Shareholders of theCompany will be held as described below and you are cordially requested to be present atsuch meeting.
Since voting rights can be exercised in writing or via the Internet or other means even
if you are not present at the meeting, please go over the "Reference Documents for the
General Meeting of Shareholders" and the "Exercise of Voting Rights" set forth below andexercise your voting rights.
Yours very truly,

Minesaburo Miyake
President andRepresentative Director
Kewpie Corporation
4-13, Shibuya 1-chome,
Shibuya-ku, Tokyo(Provisional address: 5-7, Sengawa-cho
2-chome, Chofu-shi, Tokyo)
Description
1.

Date and hour of meeting:Thursday, February 26, 2015, at 10:00 a.m.

2.

Place of meeting:Hall A, Tokyo International Forum
5-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo
-1-

3.

Objects of the meeting:
Matters to be reported:
1.

Report on the business report and consolidated financial statements
for the fiscal year 2014 (from December 1, 2013 to November 30,2014) and the results of audit of the consolidated financial statements
by the account auditors and the Board of Corporate Auditors

2.

Report on the non-consolidated financial statements for the fiscal year
2014 (from December 1, 2013 to November 30, 2014)

Matters to be resolved:
Proposition No. 1:

Election of 13 Directors

Proposition No. 2:

Election of two Corporate Auditors

Proposition No. 3:

Payment of bonuses to Directors

END

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Requests to the Visiting Shareholders

Shareholders are requested to arrive in good time as the reception counter will becongested just before the meeting starts.

Please understand that if the first floor in Hall A is packed, some shareholders may
be directed to the second floor or another hall.



Please understand that we will not be able to keep any baggage for the shareholders
because of the capacity of the place.

When attending the meeting, please present the enclosed voting form to thereceptionists at the meeting. Only the shareholders having voting rights are entitled
to attend the meeting in person or by proxy (who shall be a shareholder having
voting rights) (being one (1) person).



Please refrain from taking pictures or recording in the hall with your cameras or
cellular phones.
Information Available on our Website

With regard to the documents attached to the Notice of the General Meeting of
Shareholders, the following items are made available for inspection on the Internet
website of the Company pursuant to laws and ordinances and the Articles ofIncorporation of the Company:
(i)
(ii)
(iii)
(iv)



Systems to Secure the Properness of Business Activities (Fundamental Policy
to Establish its Internal Control Systems)
Fundamental Policy on Control of Joint-Stock Corporation
Notes to the Consolidated Financial Statements; andNotes to the Non-Consolidated Financial Statements

If any amendment is made to the Reference Document for the General Meeting of
Shareholders, business report, consolidated financial statements andnon-consolidated financial statements, it will be publicized on the Internet website of
the Company.

Internet website of the Company:
http://www.kewpie.co.jp/company/ir/stocks_information03.html-3-

Exercise of Voting Rights
Voting rights are exercisable in either of the following three methods:
1.

Exercise of voting rights via the Internet or other means:
Please access the website for the exercise of voting rights specified by the Company
by using a PC, mobile phone or smart phone, enter the "code for the exercise of
voting rights" and the "password" printed in the enclosed voting form and follow theguidance on the screen to enter your approval or disapproval of each proposition.
Website for the exercise of voting rights:
http://www.web54.net

Time frame:◆2.

No later than 5:30 p.m., Wednesday, February 25, 2015

<Procedures for Exercise of Voting Rights via the Internet>

Sending of voting form by mail:Please return by mail the enclosed voting form by indicating your approval ordisapproval of each proposition.
Time frame:

Must reach us no later than 5:30 p.m., Wednesday, February 25, 2015

Method to complete the voting form:
Please enter your approval or disapproval of each proposition.
Proposition No. 1 and Proposition No. 2
To approve all candidates:Enter ○ in the column of "Approve".
To disapprove all candidates:Enter ○ in the column of "Disapprove".
To approve or disapprove any candidate(s):Enter ○ in the column of "Approve" or"Disapprove" and enter the candidate
number(s).
Proposition No. 3
To approve:
Enter ○ in the column of "Approve".
To disapprove:
Enter ○ in the column of "Disapprove".
The "code for the exercise of voting rights" and the "password", which are required-4-

upon exercising your voting rights via the Internet, are printed.
*

If no approval or disapproval of each proposition is entered, you will be deemed tohave approved it.

3.

Attendance at the general meeting of shareholders:
Please indicate your intention to approve or disapprove the propositions at themeeting.

*

If you desire to ask a question during the session of the general meeting ofshareholders, please refer to page 16 herein.

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◆

Procedures for Exercise of Voting Rights via the Internet

In exercising your voting rights via the Internet, please confirm the items described
below in advance. If you expect to attend the meeting, you do not need to take any
procedure of the exercise of voting rights via the Internet or the sending of voting forms by
mail.
1.

2.

3.

Website for the exercise of voting rights:(1)

Any exercise of voting rights via the Internet will be possible only by accessing
the website for the exercise of voting rights specified by the Company by using a
PC or other devices.

(2)

By using a mobile phone or smart phone installed with a bar-code reader, you canread the QR Code and access the website for the exercise of voting rights. For
more information on the operation procedure, please refer to the instruction
manual of your mobile phone or smart phone.

(3)

Depending on your Internet use environment where a firewall is created forInternet connections, an antivirus software is installed, a proxy server is used orotherwise, the website may not be accessible.

(4)

Any exercise of voting rights via the Internet will be acceptable no later than 5:30
p.m., Wednesday, February 25, 2015. It would be appreciated if you could
exercise your voting rights early.

Treatment of the "code for the exercise of voting rights" and the "password":(1)

The code for the exercise of voting rights printed in the enclosed voting form aregood only for this Ordinary General Meeting of Shareholders.

(2)

The password is important information to identify the voter as a shareholder.
Please be advised to handle it carefully.

(3)

If a password is entered wrongly in a specified number of times, it will berejected. If you desire to have a new password issued, please take the procedurein accordance with the guidance on the screen.

Treatment of multiple exercise of voting rights:(1)

If voting rights are exercised both in writing and via the Internet, the voting rights
exercised via the Internet shall be treated as effective.

(2)

If voting rights are exercised via the Internet twice or more, the latest exercise
thereof shall be treated as effective.
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4.

Cost incurred upon accessing the website for the exercise of voting rights:

All fees payable to Internet service providers and telecommunication carriers (such as
connection fees) in accessing the website for the exercise of voting rights must be borne byeach shareholder.
5.

Platform for electronic exercise of voting rights:

Institutional investors may use the "ICJ Platform", a platform for electronic exercise of
voting rights for institutional investors operated by ICJ Inc. as long as applications are madeto that effect in advance.

Contact for inquires:
Sumitomo Mitsui Trust Bank, Limited
Stock Transfer Agency Business Planning Dept.
Web Support Dedicated Dial:
Phone No:
0120-652-031 (available at 9:00 a.m. through 9:00 p.m.)-7-

REFERENCE DOCUMENT FOR THE GENERAL MEETING OF SHAREHOLDERS
Proposition No. 1:

Election of 13 Directors

The term of office of all Directors currently in office (Messrs. Minesaburo Miyake,
Amane Nakashima, Tadaaki Katsuyama, Yoshiaki Wada, Shigehiro Suda, Masafumi
Furutachi, Toru Hyodo, Shigeki Takemura, Nobuo Inoue, Nobutaka Goto, Osamu Chonan
and Ichiro Sakai (12 in all)) will expire at the close of this General Meeting of Shareholders.
It is therefore proposed that the number of outside Directors be increased by one tostrengthen corporate governance and that 13 Directors be elected.
The candidates for Director are as follows:
Brief history, title, assignment and important concurrent office1(Reelection)

Minesaburo Miyake(Date of birth:
July 22, 1952)

Number of shares of theCompany held by Candidate

April 1976

Joined the Company

September 1996

General Manager, Yokohama Branch Office of the Company

September 1998

General Manager, Kanto Branch Office of the Company

July 2001

General Manager, Household Sales Dept. of the Company

July 2002

General Manager, Division of Household Sales of the Company

February 2003

Director of the Company

July 2004

Generally responsible for sales of the Company

February 2005

General Manager, Tokyo Branch Office of the Company

September 2008

General Manager, Division of Wide-Area Sales of the Company

October 2009

In charge of Egg Products Business of the Company as deputy

December 2009

In charge of Egg Products Business of the Company

February 2010
24,133 shares February 2011
April 1983

2

October 1993

(Reelection)

Amane Nakashima(Date of birth:
September 26, 1959)

Number of shares of theCompany held by Candidate

February 1995
February 1997
July 2000
February 2003
February 2005

July 2005

331,181 shares(Note 1)

October 2009
February 2010
February 2014

Executive Managing Director of the Company
President and Representative Director of the Company, tothis date
Joined The Industrial Bank of Japan, Limited (currently, Mizuho
Bank, Ltd.)
Joined Nakashimato Co., Ltd.
General Manager, Accounting Department of Nakashimato Co.,Ltd.
Director of Nakashimato Co., Ltd.
Director of the Company
General Manager, Legal Department of the Company
Vice President and Director of Nakashimato Co., Ltd.
Director of Nakashimato Co., Ltd.
Executive Managing Director of the Company
General Manager, Environment Office of the Company
General Manager, Social and Environment Promotion Office of
the Company
General Manager, CSR Promote Department of the Company
President and Director of Nakashimato Co., Ltd., to this dateSenior Executive Managing Director, to this date-8-

Brief history, title, assignment and important concurrent office3(Reelection)

Tadaaki Katsuyama(Date of birth:
December 1, 1957)

April 1980
July 2002
July 2004
July 2005
February 2008
February 2012

February 2014
Number of shares of theCompany held by Candidate

Joined the Company
General Manager, Sengawa Plant of the Company
Deputy General Manager, Division of Production of theCompany
General Manager, Division of Production of the Company
Director of the Company
Executive Managing Director of the Company, to this date
In charge of overseas business in general of the Company as
deputyIn charge of overseas business in general of the Company, tothis date

15,100 shares

4(Reelection)

April 1978
July 2000

Joined the Company
General Manager, Research Dept. II of the Company

July 2001

General Manager, Research Dept. I of the Company

July 2003

General Manger, Product Development Center, Laboratory of theCompany
General Manager, Division of Quality Assurance of the Company

Yoshiaki Wada
(Date of birth:
August 14, 1953)

March 2006
February 2009
November 2010
February 2012

Executive Managing Director of the Company, to this date
General Manger, Division of Product Development of theCompany

August 2012

In charge of Fine Chemical Business of the Company, to thisdate

April 1977

Joined the Company

October 1996
August 1999

General Manager, Takamatsu Branch Office of the Company
Group Leader, Home Sales, Wide-Area Sales Dept. of theCompany
General Manager, Wide-Area Home Sales Dept. of theCompany
General Manager, Home Sales Dept., Division of Home Sales of
the Company
General Manager, Division of Home Sales of the Company

Number of shares of theCompany held by Candidate

21,000 shares

5(Reelection)

July 2002

Masafumi Furutachi

July 2003(Date of birth:
August 19, 1953)

July 2004
October 2006
February 2011
February 2012

Number of shares of theCompany held by Candidate

8,100 shares

Director of the Company
General Manger, Laboratory of the Company
General Manager, Intellectual Property Office of the Company

February 2014

General Manager, Nagoya Branch Office of the Company
Director of the Company
General Manager, Public Relations of the Company
General Manager, Public Relations and CSR Office of theCompany
Executive Managing Director of the Company, to this dateSenior Officer in charge of Condiments Products Business of
the Company, to this date
In charge of Group Sales in general of the Company, to this
date

-9-

Brief history, title, assignment and important concurrent officeFebruary 2014

Joined the Company
General Manager, Special Sales Dept., Division of Sales of
Deria Foods Co., Ltd.
General Manager, Tokyo Branch Office of Deria Foods Co., Ltd.
Director and General Manager, Division of Sales of Deria Foods
Co., Ltd.
President and Representative Director of Deria Foods Co., Ltd.
President and Representative Director of SALAD CLUB INC.
In charge of Delicatessen Products Business of the Company as
deputyDirector of the Company
Senior Officer in charge of Delicatessen Products Business of
the Company, to this date
Executive Managing Director of the Company, to this date

April 1980

Joined the Company

July 2001

Group Leader, Jam and Prepared Food Group, Product Dept.,
Division of Sales of the Company

July 2002

General Manager, Izumi-Sano Plant of the Company

Shigeki Takemura

November 2004

President and Representative Director of Tosu Kewpie Co., Ltd.

(Date of birth:
September 15, 1956)

November 2006

Deputy General Manager, Division of Production of theCompany

October 2007

In charge of Health Function Products Business of the Company
as deputy

February 2008

Director of the Company, to this date
In charge of Health Function Products Business of the Company

6

April 1977
July 2000(Reelection)

Toru Hyodo(Date of birth:
November 19, 1953)

July 2004
February 2005
February 2008
February 2012

February 2013
Number of shares of theCompany held by Candidate

6,400 shares

7(Reelection)

Number of shares of theCompany held by Candidate

9,000 shares August 20128
(Reelection)

Nobuo Inoue(Date of birth:
May 16, 1960)

In charge of Processed Foods Business of the Company, to thisdate

February 2013

Senior Officer of the Company, to this date

April 1983

Joined the Company

July 2004

General Manager, Corporate Planning Dept. of the Company

October 2009

Deputy General Manager, Operation Promote Dept. of theCompany

December 2009

General Manager, Operation Promote Dept. of the Company

February 2010

Director of the Company, to this date

Number of shares of theCompany held by Candidate

10,900 shares- 10 -

Brief history, title, assignment and important concurrent office9(Reelection)

Nobutaka Goto
(Date of birth:
November 9, 1954)

March 1973
July 2004
November 2006
February 2007
September 2007
February 2008
February 2009
February 2012

Number of shares of theCompany held by Candidate

5,100 shares February 2014

Joined the Company
General Manager, Sengawa Plant of the Company
Deputy General Manager, Division of Production of Kanae Foods
Co., Ltd.
Director of Kanae Foods Co., Ltd.
General Manager, Division of Production of Kanae Foods Co.,Ltd.
Managing Director of Kanae Foods Co., Ltd.
President and Representative Director of Kanae Foods Co., Ltd.
Director of the Company, to this date
General Manager, Division of Production of the Company, tothis date
In charge of Division of Group Production in general of theCompany, to this date

April 1980
July 2001
November 2006

Joined the Company
General Manager, Sendai Branch Office of the Company
General Manager, Wide-area Household Sales Dept. of theCompany

September 2008
July 2012

General Manager, Osaka Branch Office of the Company
General Manager, Tokyo Branch Office of the Company, tothis dateFebruary 2013
February 2014

Officer of the Company
Director of the Company, to this date
General Manager, Division of Wide-Area Sales of theCompany, to this date

11

April 1979

Joined the Company(New election)

August 1999

General Manager, Sapporo Branch Office of the Company

July 2002

General Manager, Fukuoka Branch Office of the Company

July 2004

General Manager, Osaka Branch Office of the Company

September 2008

General Manager, Tokyo Branch Office of the Company

July 2012

General Manager, Division of Food Services of the Company,
to this dateFebruary 2013

Officer of the Company, to this date10
(Reelection)

Osamu Chonan(Date of birth:
May 16, 1956)

Number of shares of theCompany held by Candidate

6,500 sharesKengo Saito(Date of birth:
November 26, 1956)

Number of shares of theCompany held by Candidate

7,700 shares- 11 -

Brief history, title, assignment and important concurrent office

12(Reelection)(Outside)

April 1968
July 1995
January 1996
December 1997
December 1999

Ichiro Sakai(Date of birth:
May 3, 1942)

May 2001
October 2002
June 2004

Number of shares of theCompany held by Candidate

6,900 shares(Notes 2 to 4, 6 to 7)

13(New election)(Outside)

April 2005
February 2006
June 2007
June 2011
February 2014

Number of shares of theCompany held by Candidate

0 shareOutside Director of the Company, to this date

January 1985

Joined Boston Consulting Group

November 1999

Senior Vice President of Boston Consulting Group

June 2000

Japan Representative and President of Boston Consulting Group

March 2006

External Auditor of Suntory, Ltd. (currently, Suntory Holdings
Limited)April 2006

Professor of Graduate School of Commerce at Waseda
University, to this dateFebruary 2012

Outside Corporate Auditor of the Company, to this dateJune 2012

External Director of Lifenet Insurance Company, to this date

December 2013

Outside Director of ERI Holdings Co., Ltd., to this date

October 2014

External Director of MITSUI-SOKO HOLDINGS Co., Ltd.,to this date

Kazunari Uchida(Date of birth:
October 31, 1951)

Appointed Public Prosecutor
Public Prosecutor, the Supreme Public Prosecutors Office
Chief Prosecutor, the Naha District Public Prosecutors OfficeDirector-General, Correction Bureau of the Ministry of Justice
Chief Prosecutor, the Yokohama District Public Prosecutors
OfficeGeneral Manager, the Research and Training Institute of the
Ministry of Justice
Superintendent Public Prosecutor, the Hiroshima High Public
Prosecutors Office
Superintendent Public Prosecutor, the Fukuoka High Public
Prosecutors Office
Admitted as attorney at law (Daiichi Tokyo Bar
Association), to this dateOutside Corporate Auditor of the Company
Outside Corporate Auditor of Matsuda Motor Corporation
Outside Director of Matsuda Motor Corporation, to this date

(Notes 2, 3, 5 to 7)(Notes) 1. The Company has business relationships, including purchase of products, sales of goods andproducts and expense transactions, with Nakashimato Co., Ltd. for which Mr. Amane
Nakashima is servicing as President and Director. There is no special conflict of interest
between any other candidate for Director and the Company.
2. Mr. Ichiro Sakai and Mr. Kazunari Uchida are candidates for outside Director.
3. The Company has registered Mr. Ichiro Sakai and Mr. Kazunari Uchida with Tokyo Stock
Exchange, Inc. as independent officers as stipulated by the stock exchange. When this
proposition is adopted and Mr. Ichiro Sakai and Mr. Kazunari Uchida assume office as outside
Directors, they will continue to be such independent officers.

- 12 -

4. Mr. Ichiro Sakai currently is outside Director of Mazda Motor Corporation and the Company
has a business relationship with Mazda Motor Corporation with regard to the lease ofcommercial vehicles. However, as it is an ordinary transaction and involves no special
conflict of interest, it is not anticipated to affect his independence. The term since theassumption of office of Mr. Ichiro Sakai as outside Director will have been one (1) year at theclose of this Ordinary General Meeting of Shareholders.
5. Mr. Kazunari Uchida currently is external/outside Director of Lifenet Insurance Company, ERI
Holdings Co., Ltd. and MITSUI-SOKO HOLDINGS Co., Ltd. However, as the Company
has no special conflict of interest with these companies, it is not anticipated to affect his
independence. The term since the assumption of office of Mr. Kazunari Uchida as outside
Corporate Auditor will have been three (3) years at the close of this Ordinary General Meetingof Shareholders.
6. The reason for selecting Mr. Ichiro Sakai and Mr. Kazunari Uchida as candidates for outside
Director is to receive their guidance for the promotion of sound and efficient management as
Mr. Ichiro Sakai has professional knowledge and extensive knowledge as a lawyer and Mr.
Kazunari Uchida has highly professional knowledge and extensive knowledge about corporate
management.
7. The Company and each outside Director have entered into an agreement to limit his liabilities
for damages pursuant to Article 427, paragraph 1 of the Companies Act of Japan and Article
28 of the Articles of Incorporation of the Company. When the election of Mr. Ichiro Sakai
and Mr. Kazunari Uchida as outside Directors is approved and adopted as proposed, theCompany intends to enter into such agreements. The summary of the agreement to limit thierliabilities is described in the section "Officers of the Company" in the documents attached to
the Notice of the General Meeting of Shareholders.
.

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Proposition No. 2:

Election of two Corporate Auditors

Among the Corporate Auditors currently in office, the term of office of Mr. Hiroaki
Kamizawa will expire at the close of this General Meeting of Shareholders and Mr.
Kazunari Uchida will resign at the close of this General Meeting of Shareholders. It istherefore proposed that two Corporate Auditors be elected.
When this proposition is approved and adopted as proposed, the Company will have
five (5) Corporate Auditors (including three (3) outside Corporate Auditors).
The candidates for Corporate Auditor are as follows.
The Board of Corporate Auditors has consented to this proposition.
Brief history, title and important concurrent office1(New election)

Haruo Fuse
(Date of birth:January 27, 1955)

April 1977
July 2003
November 2006
April 2013

Joined the Company
General Manager, Customer Service Department of the Company
General Manager, Personnel Affairs Department of the Company
General Manager, Internal Auditing Department of theCompany, to this date

April 1982

Joined the Ministry of Labour (currently, the Ministry of Health,Labour and Welfare)
Joined NLI Research Institute
Associate Professor, Institute of Social Science, the University ofTokyo
Researcher, NLI Research Institute
Associate Professor, Faculty of Lifelong Learning and Career
Studies, Hosei University
Professor, Faculty of Lifelong Learning and Career Studies,
Hosei University, to the date

Number of shares of theCompany held by Candidate

0 share(Note 1)

2
(New election)(Outside)

Emiko Takeishi(Date of birth:
February 16, 1960)

July 1992
April 2003
April 2004
April 2006
April 2007

Number of shares of theCompany held by Candidate

0 share(Notes 1 to 5)- 14 -

(Notes) 1. There is no special conflict of interest between each candidate and the Company.
2. Ms. Emiko Takeishi is a candidate for outside Corporate Auditor.
3. The reason for selecting Ms. Emiko Takeishi as a candidate for outside Corporate Auditor is toensure the appropriate audit of the Company backed with her knowledge about personnel
systems and labor policies as well as her experience in the sector of public administration.
When this proposition is approved and adopted as proposed and Ms. Emiko Takeishi assumes
office as outside Corporate Auditor, the Company will register her with Tokyo Stock Exchange,
Inc. as an independent officer as stipulated by the stock exchange.
4. Ms. Emiko Takeishi has served as outside member of the Management Advisory Board of theCompany for the period from December 1, 2012 to November 30, 2014. Remuneration forthe office was insignificant and therefore, it is not anticipated to affect her independence.
5. The Company and each outside Corporate Auditor have entered into an agreement to limit his
liabilities for damages pursuant to Article 427, paragraph 1 of the Companies Act of Japan and
Article 38 of the Articles of Incorporation of the Company. When the election of Ms. Emiko
Takeishi as outside Corporate Auditor is approved and adopted as proposed, the Company
intends to enter into such agreement. The summary of the agreement to limit his/her
liabilities is described in the section "Officers of the Company" in the documents attached to
the Notice of the General Meeting of Shareholders.

Proposition No. 3:

Payment of bonuses to Directors

It is hereby proposed that the aggregate of ¥57,520,000 as Directors' bonuses be paid
to 11 Directors, excluding outside Director, in office as at the end of the fiscal year 2014 inconsideration of the operating results and other factors for the year and that thedetermination of the actual amounts for the respective Directors be left to the Board of
Directors.
END- 15 -

To the shareholders who desire to ask questions
during the session of the General Meeting of Shareholders
Shareholders who can ask questions will be selected by lottery at the meeting. Hence,
please cooperate in taking the procedure as follows:1.

If you desire to ask a question during the session, with your attendance checked, please
register your name and acceptance number with the registration desk for applicants to
ask questions in the lobby on the second floor.
Registration hours:

2.

8:30 a.m. to 10:00 a.m.

Please receive a card indicating your seat number at the registration desk for applicantsand enter the hall. Please confirm your seat with the attendants at the hall.
Any shareholder who desires to ask a question will be led to the seat designated by theCompany.
Such shareholder may be accompanied only by his/her interpreter, caretaker or child
who is permitted to attend the meeting as an accompanying person.

3.

When the shareholder who desires to ask a question takes a seat so designated, theattendant will put a lottery ball in a lottery box.
The number of the lottery ball will be identical with the seat number.

4.

When the time to invite questions comes, the person responsible for the lottery willdraw balls.

5.

When the person reads up the numbers, the shareholders who hold the cards identicalwith the numbers can ask questions at the microphone stand nearby at the direction of
the chairman.

6.

Each shareholder can ask a question or questions only once.

Such shareholder can ask two questions at most.



We will expedite the proceedings so that we can invite questions from as many
shareholders as possible. However, when we decide that we have conducted
full discussion, we may discontinue questions and answers.

If any shareholder who is not selected by lottery desires to ask questions, he/she may
have answers from the person in charge of shareholders who desire to ask questions or
the secretariat. So, after the close of the meeting, please contact the person.
Depending on the content of the questions, answers will be provided from thesecretariat by phone at a later date.

- 16 -